Financial Crime

Fraud, Scams & Cybercrime

CBA, Telstra Expands Fraud Detection Collaboration

By Sanday Chongo Kabange | 12/02/2025

CBA and Telstra’s expanded pact will implement a new anti-scam technology to help protect customers from identity theft.

Market Abuse

HSBC Acquitted of Violating South Korea’s Short-Selling Rules

By Thisanka Siripala | 12/02/2025

The court said there was no evidence to support the idea that HSBC and its traders knowingly violated South Korea’s Capital Markets Act

PEPs & Sanctions

US Announces Tariffs on Steel and Aluminium Imports

By Editors | 12/02/2025

Exemptions previously granted to certain countries will end and the duty rate on aluminium increases from 12 March.

Supervision & Enforcement

US Consumer Financial Protection Bureau Suspends Activities

By Nithya Subramanian | 11/02/2025

Acting Director Russell Vought directed employees to stay home and pause all CFPB investigations and enforcement actions.

Supervision & Enforcement

CSRC Revokes Licences of Futures Firm Over “Illegal Activities”

By Editors | 11/02/2025

The CSRC said Hehe Futures failed to effectively manage its subsidiaries and to perform its reporting obligations.

Anti-Money Laundering

Australian Court Commences Trial Against Star Casino Executives

By Thisanka Siripala | 11/02/2025

The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.

Fraud, Scams & Cybercrime

Tokyo Police Arrest Former Nomura Employee on Fraud Charges

By Thisanka Siripala | 11/02/2025

The former employee offered a false investment story to an elderly customer and defrauded her of JPY 10 million

Cybersecurity

RBI to Boost Security of Cross-border CNP Transactions

By Nithya Subramanian | 11/02/2025

The RBI proposes to require an additional factor of authentication for card-not-present  transactions initiated by overseas merchants or acquirers

KYC & CDD

OJK Indonesia Issues New Bank Secrecy Regulations

By Editors | 11/02/2025

The regulations introduce clearer procedures for authorities requesting information from banks and for banks tasked with fulfilling such requests.